ACCT 141 - Introduction to Accounts Payable/Inventory

1 hr(Sem I, II)This course focuses on how to set up and administer an Accounts Payable and inventory system for a business. Topics covered will include filing, the purchases cycle, documentation, schedules, discounts, journalizing and posting as well as inventory costing, physical count, consignment, internal controls, and reports for management. This course is intended for Accounting majors or persons working in the field of Accounts Payable/Inventory. 1 lecture hour.